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New B5bn issue planned for June.

Bangkok Post (Bangkok, Thailand)

| May 06, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Wichit Chantanusornsiri

May 6--The Finance Ministry plans to issue five billion baht in public savings bonds next month, possibly followed by further issues of up to 90 billion by the end of the year.

Funds raised from the savings bonds, the first issue of 2005, would be used to refinance obligations of the Financial Institutions Development Fund, a unit of the Bank of Thailand that incurred hundreds of billions of baht in debt from the support of ailing banks and finance companies during the 1997 crisis.

Final details on the new issue will be settled on May 10 before a formal public announcement is made.

Individuals will be ...

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Source: HighBeam Research, New B5bn issue planned for June.